Local company invests K750,000 in hauling

By CLIFFORD FAIPARIK

 

LANDOWNER company Hiwa Corp Ltd (HCL) last Thursday released K750, 000 to freight company TransWonderland Ltd (TWL) which will be used to acquire a new hauling truck to boost the company’s fleet, The National reports.

The money came from the business development grants of the government under the liquefied natural gas project’s spin off scheme.

HCL’s chairman Peter Purani and directors presented the cheque to TWL managing director Larry Andagali.

The funds will be used to acquire a new Western Star prime mover truck.

TWL has contract with the ExxonMobil to haul cargoes   from Morobe to the LNG project areas in Southern Highlands.

HCL, an umbrella company at the petroleum development licence (PDL) 1 in Hides, comprising Arua, Wita, Kopiya, Pina, Tobani, Kenamu, Hunumani, Ware, Pepe and other Hiwas clans, had earlier invested K67, 000 into TWL.

Purani said they were happy to be involved with TWL as it would benefit them through spin offs generated from the LNG projects. 

“This freight company is the only opportunity for us and our future generation to benefit from the project.